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Home2021September

Month: September 2021

International News

Enbridge in $3 Billion Deal to Add U.S. Oil Export Capacity

September 7, 2021 Stu Turley

Enbridge Inc., the Canadian pipeline giant, agreed to acquire a smaller U.S. rival to add export capacity on the Gulf Coast. The company is buying Moda Midstream Operating LLC for $3 billion in cash from […]

U.S. coal exports
EIA News

Hydropower made up 66% of Brazil’s electricity generation in 2020

September 7, 2021 Andy Del Prado

Brazil largely relies on hydropower for electricity generation; in 2020, hydropower supplied 66% of its electricity demand. Wind and solar generation have grown quickly in recent years and had a combined 11% share of the […]

Gas pumps -ENB
Commodities

Who’s To Blame For High Gas Prices?

September 5, 2021 Stu Turley

Earlier this year, as oil prices recovered from their pandemic lows and oil-producing companies miraculously stuck to their pledged production cuts, headlines were flooded with semi-alarmist speculation about painfully high gas prices coming down the […]

Electric Vehicles

EV market may create copper deficit

September 5, 2021 Stu Turley

Auto fleets’ shift to electric vehicles (EVs) in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply. Cars powered by electricity are able […]

Commodities

Oil set for second weekly gain as stockpiles drop, dollar eases

September 3, 2021 Stu Turley

Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl U.S. oil production, though prices edged lower Friday following a weak U.S. jobs report. West Texas Intermediate […]

Gazprom tech working -ENB
International News

Russia Has a Gas Problem Nearly the Size of Exports to Europe

September 3, 2021 Stu Turley

Gazprom PJSC needs to store nearly as much natural gas at home to keep Russians warm this winter as it currently ships to its top customer Western Europe every day, Bloomberg calculations show. The Russian gas […]

Commodities

Europe’s homes and businesses are set to face a difficult winter because of record natural gas prices

September 3, 2021 Stu Turley

European energy executives warned of a difficult winter ahead as natural gas prices soar to records, a grim prospect for households and businesses recovering from the global pandemic. Gas prices in Europe are breaking records […]

Crude Oil News

Days After Ida, Storm’s True Impact on Energy Sector Emerges

September 3, 2021 Stu Turley

Five days after Hurricane Ida slammed into Louisiana, the true damage to the region’s energy infrastructure is only now starting to come to light. The challenges for companies to get out and inspect has been […]

U.S. coal exports
Commodities

Pre-Labor Day retail gasoline prices at highest level since 2014

September 3, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update On August 30, 2021, the Monday before Labor Day weekend, the U.S. retail price of regular gasoline averaged $3.15 per gallon (gal), an increase of 92 cents/gal […]

ENB Podcast

Canadian Energy Team stop by the ENB Podcast – Energy Policies Don’t Always Help The Poor

September 2, 2021 Stu Turley

We have the great Terry Etam, and Movie Mogul, Heidi McKillop – And we talk about a very serious topic – “Can we grow food with no fossil fuels, or why do the poor and […]

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